In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many
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Sweden Is Testing Its New Central Bank Digital Currency
The country of Sweden has begun testing an e-krona, bringing it that much closer to the proper release of a central bank digital currency (CBDC). The pilot program will be in operation for one year, until February 2021.If and when the e-krona formally launches for use by the public,
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Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto
The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November.The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, internet banking, or select ATMs. According to a press
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Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies
A new payments system is coming to Brazil later this year promising almost instant transfers.Called PIX, the project from the country's central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, according to reports from Reuters and local crypto news site Livecoins
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South Korea’s Central Bank Is Building a New Blockchain System for the Bond Market
The Bank of Korea (BOK) is looking at developing a new blockchain system for the Korean bond market, one of the largest such markets in Asia. Korean financial news site Yonhap Infomax confirmed Tuesday the Korean central bank was looking for a company that can build a new blockchain system
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Russia’s Central Bank Proposes New Token Framework, But Labels Crypto Transactions ‘Suspicious’
The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday.The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and
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Not All Central Banks Have an Interest in CBDCs
The recent survey results published by the Bank of International Settlements produced bullish and bearish sentiments with regard to Central Bank Digital Currency adoption. While banks in Emerging Market Economies (EME) are moving more rapidly toward issuing government-sponsored CBDCs, those in established countries appear to be taking a more
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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set
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Central Banks’ “Free Money” is Behind Bitcoin Bull Run: Mati Greenspan
A portion of fresh cash liquidity supplied by the global central banks has made its way into the bitcoin market, says Mati Greenspan, the founder of Quantum Economics.The prominent market analyst told BlockTV that the cryptocurrency – more or less – behaved like stocks as it rose from $6,430 to
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New Central Bank Group to Discuss Digital Currency Benefits at April Meeting: Report
In mid-April, the chiefs of six central banks, as well as the Bank for International Settlements (BiS), will hold a meeting in Washington to discuss the potential creation of their own digital currencies, according to a report from Nikkei.The planned meeting is the first by new group formed last month
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